Chancellor aims to boost housing market with new funding and planning reform
Knight Frank | March 14, 2019
Funding is to be made available to boost the number of affordable homes being built in the UK and a new green paper will be published to accelerate the planning process with builders encouraged to build a more diverse range of properties. Chancellor of the Exchequer Philip Hammond did announce in his Spring Statement that £717 million from the £5.5 billion Housing Infrastructure Fund will be used to unlock up to 37,000 homes at sites including Old Oak Common in London, the Oxford-Cambridge Arc and in Cheshire.